A finder's fee is a fee paid to someone who acts as an intermediary for another party in a transaction. Finder's fees may be offered in a variety of situations. For example, an employer may pay a finder's fee to a recruitment agency upon hiring a new employee referred by that agency. A finder's fee may be paid regardless of whether a transaction is ultimately consummated.
In a real estate context, a finder's fee may be paid for locating property, obtaining mortgage financing or referring sellers or buyers. A finders fee is money paid to a person for finding someone interested in selling or buying property. To conduct any negotiations of sale terms, the finder may be required to be a licensed broker or he violates the law. However, state laws, which vary by state, may also provide an exemption for certain individuals, allowing them to be compensated without the necessity of licensure. For example, one state's law allows an exemption for either a property management firm or an owner of an apartment complex to playa finders fee or referral of up to $50 to a current tenant for referring a new tenant. The fee can be in the form of cash, a rental reduction or some other thing of value. The party claiming compensation under this exemption is not allowed to advertise for prospective tenants.
Because they aren't technically held by the state, real estate created overages aren't subject to those finder fee limits. In fact, they're usually not subject to any limits at all (within reason... charge 95%, and you may be asking for a lawsuit). 30-50% is standard for those who specialize in collecting those funds.
These are the funds that are created when more is bid at auction for tax foreclosure and mortgage foreclosure properties. Those overages are more often than not due back to the former owners. Unfortunately for them, most don't realize this, and walk away from their financial mess without realizing they may have a small windfall awaiting them. Then, if they don't figure it out in time, they lose it to the agency holding the funds.
The Hennepin Minnesota Agreement to Attempt to Locate Unclaimed Property of Client is a legal agreement that outlines the efforts made by Hennepin County, Minnesota to locate and return unclaimed property to its rightful owners or heirs. Unclaimed property refers to any financial assets, such as bank accounts, stocks, bonds, insurance proceeds, dividends, or safe deposit box contents, that have been abandoned or forgotten by their owners. The Hennepin Minnesota Agreement aims to ensure that these properties are not permanently lost and allows individuals or organizations to enlist the county's assistance in locating and recovering their unclaimed assets. Keywords: Hennepin County, Minnesota, agreement, attempt to locate, unclaimed property, client, unclaimed assets, rightful owners, heirs, financial assets, bank accounts, stocks, bonds, insurance proceeds, dividends, safe deposit box contents, abandoned, forgotten, recovering. Types of Hennepin Minnesota Agreements to Attempt to Locate Unclaimed Property of Client: 1. Individual Agreement: This type of agreement is entered into by an individual client who seeks assistance from Hennepin County to locate and recover their unclaimed property. The agreement outlines the terms and conditions, responsibilities, and procedures that will be followed in the attempt to locate the assets. 2. Estate Agreement: When an individual passes away, their unclaimed property may be left behind, requiring a different set of procedures to locate the rightful heirs or beneficiaries. The Estate Agreement specifically caters to the needs of deceased individuals and their estates, ensuring the appropriate steps are taken to identify and distribute the unclaimed assets. 3. Corporate Agreement: Businesses or organizations that have unclaimed property can also benefit from the Agreement to Attempt to Locate Unclaimed Property of Client. The Corporate Agreement addresses the unique circumstances and requirements of commercial entities and outlines the process of reclaiming abandoned assets that may belong to the company or its shareholders. 4. Government Agency Agreement: Government agencies, such as municipalities or departments within Hennepin County, can also enter into an agreement to facilitate the search for and return of unclaimed property held by the agency. This agreement allows government entities to fulfill their fiduciary duty and reconnect individuals with their forgotten or abandoned assets. Keywords: individual agreement, estate agreement, corporate agreement, government agency agreement, deceased individuals, beneficiaries, commercial entities, shareholders, fiduciary duty, unclaimed property.The Hennepin Minnesota Agreement to Attempt to Locate Unclaimed Property of Client is a legal agreement that outlines the efforts made by Hennepin County, Minnesota to locate and return unclaimed property to its rightful owners or heirs. Unclaimed property refers to any financial assets, such as bank accounts, stocks, bonds, insurance proceeds, dividends, or safe deposit box contents, that have been abandoned or forgotten by their owners. The Hennepin Minnesota Agreement aims to ensure that these properties are not permanently lost and allows individuals or organizations to enlist the county's assistance in locating and recovering their unclaimed assets. Keywords: Hennepin County, Minnesota, agreement, attempt to locate, unclaimed property, client, unclaimed assets, rightful owners, heirs, financial assets, bank accounts, stocks, bonds, insurance proceeds, dividends, safe deposit box contents, abandoned, forgotten, recovering. Types of Hennepin Minnesota Agreements to Attempt to Locate Unclaimed Property of Client: 1. Individual Agreement: This type of agreement is entered into by an individual client who seeks assistance from Hennepin County to locate and recover their unclaimed property. The agreement outlines the terms and conditions, responsibilities, and procedures that will be followed in the attempt to locate the assets. 2. Estate Agreement: When an individual passes away, their unclaimed property may be left behind, requiring a different set of procedures to locate the rightful heirs or beneficiaries. The Estate Agreement specifically caters to the needs of deceased individuals and their estates, ensuring the appropriate steps are taken to identify and distribute the unclaimed assets. 3. Corporate Agreement: Businesses or organizations that have unclaimed property can also benefit from the Agreement to Attempt to Locate Unclaimed Property of Client. The Corporate Agreement addresses the unique circumstances and requirements of commercial entities and outlines the process of reclaiming abandoned assets that may belong to the company or its shareholders. 4. Government Agency Agreement: Government agencies, such as municipalities or departments within Hennepin County, can also enter into an agreement to facilitate the search for and return of unclaimed property held by the agency. This agreement allows government entities to fulfill their fiduciary duty and reconnect individuals with their forgotten or abandoned assets. Keywords: individual agreement, estate agreement, corporate agreement, government agency agreement, deceased individuals, beneficiaries, commercial entities, shareholders, fiduciary duty, unclaimed property.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.
